Common use of Conditions of Benefits Clause in Contracts

Conditions of Benefits. The amounts payable to the Executive by the Company pursuant to Section 4 hereof shall be condition upon, and payable only if, the Executive: (a) executes a general release in a form and of a scope reasonably acceptable to the Company; (b) returns all property, equipment, confidential information and documentation of the Company; (c) has complied and continues to comply in all material respects with any noncompetition, inventions and/or nondisclosure obligations that the Executive may owe to the Company, whether pursuant to an agreement or applicable law; and (d) provides a signed, written resignation of Executive’s status as an officer and director (if applicable) of the Company and, if applicable, its subsidiaries.

Appears in 3 contracts

Samples: Amended And (Virtusa Corp), Executive Agreement (Virtusa Corp), Executive Agreement (Virtusa Corp)

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Conditions of Benefits. The amounts payable to the Executive by the Company pursuant to Section 4 hereof shall be condition upon, and payable only if, the Executive: (a) executes a general release in a form and of a scope reasonably acceptable to the Company; (b) returns all property, equipment, confidential information and documentation of the Company; (c) has complied and continues to comply in all material respects with any noncompetition, inventions and/or nondisclosure obligations that the Executive may owe to the Company, whether pursuant to an agreement or applicable law; and (d) provides a signed, written resignation of Executive’s 's status as an officer and director (if applicable) of the Company and, if applicable, its subsidiaries.

Appears in 3 contracts

Samples: Executive Agreement (Virtusa Corp), Executive Agreement (Virtusa Corp), Executive Agreement (Virtusa Corp)

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Conditions of Benefits. The amounts payable to the Executive by the Company pursuant to Section 4 hereof shall be condition upon, and payable only if, the Executive: (a) executes a general release in a form and of a scope reasonably acceptable to the Company; (b) returns all property, equipment, ,confidential information and documentation of the Company; (c) has complied and continues to comply in all material respects with any noncompetition, inventions and/or nondisclosure obligations that the Executive may owe to the Company, whether pursuant to an agreement or applicable law; and (d) provides a signed, written resignation of Executive’s status as an officer and director (if applicable) of the Company and, if applicable, its subsidiaries.

Appears in 1 contract

Samples: Executive Agreement (Virtusa Corp)

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